Altcoins News
By Julie Binoche
1 / 15
OpenZeppelin Keeps Its Name and Its CEO. OpenZeppelin won't get absorbed and dissolved into some S&P back office.
2 / 15
The Kaiko Investment and a Broader Digital Push. The OpenZeppelin acquisition didn't come out of nowhere.
3 / 15
Why Smart Contract Risk Is a Real Business Now. Smart contract exploits have cost the crypto industry enormous sums over the years.
4 / 15
S&P Global is buying OpenZeppelin. The financial terms weren't disclosed, and the deal is still pending certain closing conditions before it closes.
5 / 15
OpenZeppelin, founded in 2015, built its name on open-source smart contract software that has handled more than $37 trillion in value transfers.
6 / 15
OpenZeppelin won't get absorbed and dissolved into some S&P back office. It'll run as an independent business unit inside S&P Global.
7 / 15
And the open-source library isn't going anywhere. S&P confirmed that OpenZeppelin's smart contract library and its other applications will stay free and available on GitHub.
8 / 15
So the structure here is deliberate. S&P gets the expertise, the brand, and the 900-plus audits of credibility.
9 / 15
The OpenZeppelin acquisition didn't come out of nowhere. S&P Global had already made a strategic investment in Kaiko, a crypto market data provider, extending Kaiko's Series…
10 / 15
OpenZeppelin fills a different gap. Where Kaiko is about market data, OpenZeppelin is about security. Smart contract audits. Onchain risk assessment.
11 / 15
More context: Hyundai Card Expands Successful Avalanche Blockchain Stablecoin Payment System
12 / 15
It's a fast-moving space. Tokenization of real-world assets has gone from a niche experiment to something major banks and asset managers are treating seriously.
13 / 15
Smart contract exploits have cost the crypto industry enormous sums over the years. Bridges, lending protocols, DEXes — the list of hacks is long.
14 / 15
For S&P's clients — think large financial institutions, asset managers, anyone touching tokenized products — having a credible security assessment from a firm with…
15 / 15
OpenZeppelin's 900-plus assessments give S&P a running start on that question. No other traditional ratings or data firm has anything close to that kind of blockchain-native…
The Currency Analytics
Want the full story?